IRRRL Information
The VA streamline program is also known as the VA IRRRL program - which stands for Interest Rate Reduction Refinancing Loan. Learn more about the VA streamline and other VA loan options from the nation's #1 VA purchase lender, VA Mortgage Center.com now!
Interested in a Loan Modification for your VA loan? Learn more about VA loan modification and what it takes to get help.
VA IRRRL Loans in Hawaii
VA IRRRL Refinance Information
Do you currently have a VA loan in Hawaii and are searching for more information about the VA IRRRL program? Welcome to our site - we built it for people just like you who are searching for more information about the VA IRRRL program. If you still have questions after reading our site, you can always call us and we will put you in touch with a loan officer who specializes in helping people with the VA IRRRL program.
Highlights of the VA IRRRL Program
- No appraisal is required for the program
- You don't have to prove your income
- No asset documentation required
VA IRRRL Program: Qualification Criteria
The first qualification criteria that must be met to participate in the VA IRRRL refinance is that the interest rate on the new loan must be lower than the interest rate on the old loan. Second, the VA IRRRL program requires that the amount of principal and interest on your new loan must be less than that amount of principal and interest on your old loan. Lastly, you need to have made the last 12 months of payments on your mortgage on time - no lates!
Call Now To Qualify For The VA IRRRL Program! 888-448-2669
VA Streamline Benefits
$0 Down
VA loans allow you to finance 100% of the home's value and purchase with $0 down. FHA programs require 3.5% down and other programs require as much as 20% down.
Lower Monthly Payments
VA loans don't require mortgage insurance which saves you money each month. You will also get generally lower rates with a VA Loan.
Easier to Qualify
As many as 80% of veterans and active-duty military members could not have qualified for a conventional loan.
Fixed Rates
Most Veterans choose going with a 30 year fixed rate so they know that their rate won't adjust to the point where they can no longer afford their home.